1500 1St StCheney, WA 99004

Property Details for 1500 1St St

Year built

1982

Lot size

10.08 AC

Property size (Sq ft)

108,600 SF

Property type

Manufacturing properties

APN

13232.0086

APU

132320086

Description

This exceptional 112,501-square-foot industrial property, situated on a 10.08-acre lot in Cheney, Washington, presents a compelling investment opportunity. Originally constructed in 1982 as a Honeywell microchip manufacturing plant, the building boasts robust infrastructure including heavy power, concrete walls, and concrete roof trusses. The property is zoned LI and features three loading docks and four dock-high doors. Recent upgrades include a new roof (2017) and fresh interior paint (2019), enhancing the building's overall condition. Currently leased to Allpack under an absolute net lease, meaning all repair and operating costs are the tenant's responsibility, this property offers a low-maintenance, high-return potential. The building's interior is well-maintained, reflecting its suitability for a variety of manufacturing or warehousing operations. The property's strategic location in Cheney, WA, with its address at 1500 W 1st St, zip code 99004, offers convenient access to transportation networks and a skilled workforce. The asking price is $8,000,000, translating to $71.11 per square foot. This represents a significant opportunity to acquire a well-maintained, strategically located industrial asset with a strong tenant in place. The property's APN is 13232.0086. This is a rare chance to own a substantial piece of Cheney's industrial landscape.

Location Insight

City

Cheney

County

Spokane

State

Washington

Latitude

47.4747

Longitude

-117.604

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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